Analog Devices benefits from pricing power and new upswing phase

Analog Devices benefits from strong pricing power in a new cyclical upswing phase.   Citi analysts point to price increases of 10 to 15% and expect a price target of $400 (Buy) with a positive surprise in the current quarter.   With a revenue increase of 30% and rising margins, expectations were significantly exceeded in the first quarter. Sequential growth is expected to accelerate from 3% to 11%.  Analog Devices (ADI) is a global leader in semiconductors specialized in the development and manufacturing of analog, mixed-signal,...